Business & Markets

TAL Approves Pipeline Upgrade to Help Czechs Ditch Russian Crude

Owners of the Transalpine Pipeline (TAL) shipping crude from the Mediterranean to central Europe approved a plan on Wednesday to upgrade the link, which is key for the Czech Republic to wean itself off Russian oil, the Czech Finance Ministry said.

Repurposing Gas Networks Key to Fulfill Europe’s Hydrogen Ambitions

(P&GJ) — The European Union (EU) has set a target of 11 million tons (10 million tonnes) of renewable hydrogen production domestically by 2030 in a bid to replace fossil fuels in hard-to-abate sectors such as heavy industry and transport.

Hydrogen Takeoff Grounded in Safe Pigging Operations

(P&GJ) — As a critical medium for storing and transporting large volumes of renewably produced energy over long distances, hydrogen is expected to help fuel the drive to net-zero emissions. According to the International Energy Agency (IEA), over the next 25 years, hydrogen demand is expected to grow six-fold from today’s levels.

Canada's TC Energy Gets Approval to Expand NGTL Gas Pipeline System

The West Path Delivery 2023 (WP2023) project will add about 40 km (25 miles) of new natural gas pipeline to the existing 25,000-km (15,534 miles) NGTL system, which ships gas across Canada and to U.S. markets.

Spain's Cepsa to Invest $3.1 Billion in Green Hydrogen Project

Spanish oil company Cepsa plans to invest $3.1 billion in a green hydrogen project in Andalusia, southern Spain, CEO Maarten Wetselaar said on Thursday. The project will consist of two electrolyzers of 1 gigawatt each in the port cities of Algeciras and Huelva.

Ineos Signs 20-Year LNG Supply Deal with Sempra

(P&GJ) — INEOS has signed a 20-year contract with Sempra Infrastructure for the supply of approximately 1.4 MTPA of LNG from Phase 1 of the Port Arthur LNG facility under development in Texas North America.

EIA: US Oil Output Climbs to Highest Since March 2020

Oil

U.S. oil output climbed 2.4% to 12.27 million barrels per day (MMbbl/d) in September, government figures showed on Wednesday, the highest since the onset of the COVID-19 pandemic.

Greece Expected to Nearly Quadruple Gas Export Capacity by 2025

Greece is becoming a European gas corridor and can nearly quadruple its gas export capacity to neighboring countries in the coming years thanks to new infrastructure under development, Maria Rita Galli, the CEO of the country's gas grid operator DESFA said on Wednesday.

Enbridge Sees Higher 2023 Profit, Joins Occidental on Carbon Capture Project

Canada's biggest pipeline operator Enbridge Inc. on Wednesday forecasted higher 2023 core earnings, banking on sustained high demand for oil and gas amid tight supplies.

API Publishes Two Updated Standards for Underground Natural Gas Storage

(P&GJ) — The American Petroleum Institute released two second-edition standards on Nov. 29 for natural gas storage in underground salt caverns and depleted hydrocarbon and aquifer reservoirs to help ensure a safe and reliable energy supply.

JERA Expects Fire-Hit Freeport LNG Texas Shipments to Fully Resume by March

Japan's biggest buyer of LNG, JERA, expects Freeport LNG's production at its fire-hit Texas plant to partially resume in mid-December and its shipments to be fully back by March, President Satoshi Onoda said on Tuesday.

Excelerate Energy's LNG Plant in Argentina Could Be Completed by 2025

Excelerate Energy, a U.S. company that provides storage and regasification services for LNG globally, could complete its planned gas liquefaction plant in Argentina by 2025, according to an executive.

ConocoPhillips, QatarEnergy to Supply Germany with LNG Starting in 2026

Germany is set to receive new flows of Qatari LNG from 2026 after QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period.

Exxon to Exit Africa in Crude Phaseout, Eyeing Low-Carbon Natural Gas Options

Exxon's departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural gas development on the continent, and to more lucrative projects in the Americas.

US Proposes Rules to Limit Methane Leaks from Public Lands Drilling

The U.S Interior Department's Bureau of Land Management on Monday proposed rules to limit methane leaks from oil and gas drilling on public lands, the latest move by the Biden administration to crack down on the potent greenhouse gas.

India to Receive First LNG Cargo from Indonesia's Tangguh LNG

India will receive its first cargo from Indonesia's Tangguh LNG plant at the Dahej terminal on Monday, according to a Refinitiv analyst and Refinitiv ship tracking data.

China's Shenzhen Energy Signs Long-Term LNG Contract with BP

China's Shenzhen Energy Group has signed a long-term agreement with oil major BP to buy LNG, aiming to lock in supplies with gas-fired power generation poised to surge in the world's second-largest economy.

Israel's NewMed Energy Leaning Towards Floating LNG Expansion

Israel's NewMed Energy said on Thursday it was leaning towards building a floating liquefied national gas terminal to further develop its Leviathan gas field off Israel's Mediterranean coast.

Italian City of Piombino Challenges LNG Terminal Project

The Italian city of Piombino has launched a legal challenge against a government-backed project for a new LNG terminal in the Tuscan port that is seen as key to helping wean Italy off Russian gas.

Poland Seeking German Support to Sanction Russian Druzhba Oil Pipeline

Poland is seeking German support to slap EU sanctions on the Polish-German section of the Druzhba crude pipeline so Warsaw can abandon a deal to buy Russian oil next year without paying penalties, two sources familiar with the talks said.

Sempra Strikes LNG Supply Deal with ConocoPhillips

Sempra Energy said on Tuesday that ConocoPhillips will buy five million tonnes per annum of LNG from Phase 1 of the Port Arthur LNG project under development in Jefferson County, Texas.

US Natural Gas Implied Volatility Hits Record on Delayed Freeport LNG Restart

U.S. natural gas futures implied volatility hit a record high on Tuesday following weeks of rapid price moves due to changing winter weather forecasts and questions about the restart of the Freeport LNG export plant in Texas.

Russia's Transneft Says Part of Druzhba Oil Pipeline in Ukraine Suspended

A section of the Druzhba oil pipeline in Ukraine has been partially suspended, Russia's TASS news agency reported on Wednesday, citing the state-owned pipeline operator Transneft.

Linde Starts Green Hydrogen Production in Greece

Linde, the world's largest industrial gases company, said on Tuesday it has started producing green hydrogen at its facilities in Greece. The U.S.-German company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said it was the first green hydrogen production in Greece.

TotalEnergies, Air Liquide to Produce Low-Carbon Hydrogen in France

Industrial gases company Air Liquide and TotalEnergies plan to produce low-carbon hydrogen at the Grandpuits site in France, the pair said on Tuesday, as France looks to increase its sources of renewable energy.

Germany's LNG Terminals to Cost More Than Double Earlier Estimate

The purchase and maintenance of floating LNG terminals to help Germany secure energy supplies and diversify away from Russian gas, will cost more than 3 billion euros ($3.10 billion) more than planned, the economy ministry said on Sunday.

Yemen's Houthis Attack Al-Dhabba Oil Terminal, Force Ship to Leave

Yemen's Houthis attacked al-Dhabba oil terminal in Hadhramaut province on Monday, the group and Yemen's internationally recognized government said.

Carbon Capture Not Ending Pipeline Woes

(P&GJ) — With growing demand and government incentives to develop more carbon capture and sequestration (CCS) capacity, some of the biggest U.S. pipeline projects now on the drawing board are designed to transport CO2 from source to storage.

New Fortress Finalizes Deal to Develop Lakach Gas Project in Mexico

New Fortress Energy said on Tuesday it had finalized agreements with Mexican state oil company Pemex for the development of an LNG project associated with the country's Lakach offshore gas field.

Equitrans Stops Natural Gas Leak at Pennsylvania Storage Facility

U.S. energy company Equitrans Midstream Corp. said it stopped a natural gas leak at its Rager Mountain storage facility in Jackson Township in Cambria County in western Pennsylvania on Thursday afternoon.